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Softbank agrees T-Mobile exit in share sale, call option with Deutsche Telekom
2020-06-23 09:08:00| Telecompaper Headlines
(Telecompaper) Softbank Group has agreed to reduce its stake in T-Mobile US, selling around two-thirds of its stake to its co-shareholder Deutsche Telekom. It also gave the German operator a call option on most of its remaining shares in T-Mobile. Telekom plans to sell on the initial Softbank shares through a rights offering and trust securities.
Tags: call
share
sale
option
Category:Telecommunications
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